Bitcoin, Ethereum Technical Analysis: ETH Surges Past $1,200 as Latest Shadow Fork Goes Live – Market Updates Bitcoin News
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Bitcoin was well above $20,000 on Friday, as bulls returned to the crypto market following several days of consolidation. ETH was back in the green, as markets reacted to the release of Shadow Fork 9. Bitcoin/USD was up by over 5% in today’s session, with ETH back into the $1,100 region. Price strength finally overcame its own resistance at the 41.80 level, and as of writing, it is at a reading of over 46.80. The 14-day RSI tracking at the 51.23 level, which is its highest point in over three months. Should the RSI reach this point, we will likely be looking at BTC trading above $21,000, which has been a point of uncertainty in recent weeks. Source